- Billet prices in Tangshan, China, held steady d-o-d at RMB 3,000/t ($421/t), while SHFE Jan’26 rebar slipped RMB 9/t ($1/t) to RMB 3,123/t ($439/t).
- Steel demand remained weak, with inventories at a six-week high.
- Export sales steadied after some HRC deals, though mill allocations were tight.
- Iron ore stayed strong above RMB 800/t ($112/t) on reduced supply, while coke adjusted lower.
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